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Fed’s Lockhart says market is well prepared for liftoff

FXStreet (Mumbai) - Fed’s Lockhart, while speaking to CNBC, said the financial markets are well prepared for the interest rate liftoff.

Lockhart refrained from stating the liftoff’s exact time, but markets believe a 25bps or less than 25 bps move may happen at the Dec 16th meeting. “Watch the dots for where the Fed Funds Rate might go”, Lockhart added.

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Gold prices found support at USD 1080.48 (23.6% of Oct 15 high-Dec 3 low, but the rebound was not seen on account of a the USD rally in the European session.
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James Knightley, Senior Economist at ING, suggests that after the stronger than expected NFP data, the prospect of a 25bp rate hike on 16 December looks good.
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